NOLA Real Estate Market Reports

The Residence at Park Avenue | Harvey Real Estate Update

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We’ve been getting a lot of inquiries regarding the Residence at Park Avenue in Harvey.

What’s happening with real estate prices in the Residence?

As of 10/28/14, there are just 2 units available in this upscale, gated community on the West Bank of New Orleans, listed at $269,900 and $359,000.

Home Sales in the Residence

As of 9/30/2014, there have been 2 units sold this year, at an average sale price of $191,313 or $90.40 per square foot. The average time to sell a unit this year has been 250 days.

As of 9/30/2013, there were 3 units sold at an average sale price of $337,167 or $107.30 per square foot with an average marketing time of 367 days.

What changed?

The 2013 sales were units in impeccable condition, while the 2014 sales have been 2 bank owned properties that needed repairs. If you are considering selling your place in the Residence, be sure that your pricing reflects the condition of your unit, not the condition of the most recent sales.

Considering renting your unit?

There’s a pretty big pool of potential tenants for this neighborhood, so if you are considering renting your unit, let us know. We can help you find a tenant and take care of the marketing, the background and credit checks and the lease preparation.

Homes for sale in The Residence

 


Looking for the right place on the West Bank to call home? We’ve got them all, right here. Thousands of homes for sale, experienced agents and someone waiting to help you today. Call us at 504-327-5303 or contact us here.

What’s Your Park Timbers Home Worth? | September 2014 Market Report

Entrance to Park Timbers in Algiers, New Orleans LA

Park Timbers in Algiers has historically been one of the most popular subdivisions, where custom built homes line the curving streets named for national parks. Home Sales in Park Timbers (as of 9/30/2014) As of the end of September, there have been 12 homes sold in Park Timbers, down 2 (14%) from the same time…

What’s Your Woodland West Home Worth? September 2014 Market Update

Woodland West subdivision, Harvey LA

Woodland West Home Sales Good news for home owners in Woodland West. After a slow 2013 (5 homes sold as of September 30th), this year has shown renewed buyer interest in the neighborhood, with 12 homes sold as of 9/30. This is a 140% increase in sales volume for the neighborhood. What about prices? Prices…

The 10 Most Expensive West Bank Homes

Luxury real estate on the West Bank of New Orleans

There’s more to the West Bank of New Orleans than just the ‘burbs. It’s also home to some spectacular luxury neighborhoods and properties. Here are this week’s 10 most expensive homes on the West Bank.     Looking for the right place on the West Bank to call home? We’ve got them all, right here. Thousands of…

Stonebridge Market Update | Gretna and Harvey LA Real Estate

Home sales in Stonebridge | Gretna and Harvey LA

Home Sales in Stonebridge We’ve seen an increase in buyer interest in Stonebridge lately, so here’s an update on sales in the neighborhood. As of September 30, 2014 26 homes are actively listed in Stonebridge Average sold price:   $293,018 Median sold price:  $300,000 Average days on market:  125 Compared to September 30, 2013 Average sold…

Algiers Home Sales | August 2014

Algiers LA

New Orleans LA 70114 and 70131 Home Sales It’s been a little while since we’ve looked Algiers home sales, so let’s take a look at what’s been going on in that market. I’ve pulled numbers both including and excluding English Turn and the Lower Coast, since just a couple of high end sales can skew…

Marrero LA Real Estate | Home Sale Prices | August 2014

Marrero real estate

Marrero Home Sales After taking a dip in 2013, Marrero home prices are on the rise again. From 2013 to 2014, the number of sales increased from 291 to 308 as of August 31st. In that same time frame, the average sold price rose by almost 10%, harkening back to a pre-Katrina market when we…

Harvey LA Real Estate | Home Sales Prices | August 2014

Harvey LA

Harvey LA Home Sales While the West Bank of New Orleans has not been experiencing the rapid increase in values that the East Bank has seen, there is definitely some good news for home owners in Harvey. Over the last 2 years, the number of homes sold as of August 31st has increased from 162…

West Bank Lagging Behind the Metro Area in Home Prices

West Bank tshirt

New Orleans home prices are cooling according to a recent article in the Times-Picayune, but for the most part, the city is still showing significant increases in home prices from pre-Katrina to today. Unfortunately, the same cannot be said for the West Bank market, with the exception of Belle Chasse and the 70114 zip code…

A Snapshot of West Bank Home Sales | July 2014

CCC Bridge to the West Bank of New Orleans

New Orleans West Bank Home Sales Here’s a quick snapshot of the change in West Bank real estate active from July 15, 2013 to July 15, 2014 and the news is not bad at all. Sales are up, average prices are up just a smidge and homes are staying on the market for a shorter…

West Bank Real Estate Update | May 2014

New Orleans real estate

New Orleans West Bank January – May 2014 Home Sales These numbers include Algiers, Belle Chasse, Terrytown, Gretna, Harvey, Marrero and Westwego single family homes sold from January through May, 2014. 703 single family homes sold January 118 Feb 139 March 123 April 143 May 180 Average list price: $141,759 Average sold price: $135,555 Average days on…

Belle Chasse LA 70037 | March 2014 Home Sales

100 Chapel Hill

Homes Sales in Belle Chasse LA After a year of steady increases in average home sale prices, the 1st quarter of 2014 saw a dip in Belle Chasse. It’s not a cause for home seller concern, though, because the 1st quarter of the last couple of years have traditionally been the weakest for sales in the…

Terrytown LA 70056 | March 2014 Home Sales

Homes sales in Terrytown LA

Terrytown Home Sales Prices have increased slightly in Terrytown, after remaining flat for several months. Planning to sell your Terrytown home? Fill out the form below and we’ll start on your personal market analysis. Google+